Ramis Bank, which conducted the founding general assembly that would make it the last entrant in the financial industry under the half a billion birr capital, announces it has already filed its license request for the financial industry supervisory body, National Bank of Ethiopia (NBE).
On the founding assembly that was held on Saturday October 2 at Elilly International Hotel shareholders have elected 13 founding board members.
It was recalled that the central bank ordered the under formation banks to come up with the minimum paid up of 500 million birr in six months time to join the financial sector.
Otherwise the paid up capital requirement will increase by ten fold to five billion birr a day after the deadline.
In April, NBE had revised the minimum paid up capital of the banking industry from 500 million birr to five billion birr. But, under ‘minimum capital requirement for banks: directive no. SBB/78/2021’ it has called banks that are on their formation process to finalize their process with 500 million birr paid capital and request for license until Tuesday October 12.
On it part Ramis, which will involve itself on interest free banking (IFB), stated that it has achieved the process behind the deadline.
Couple weeks ago Ramis, which got the name from one of the biggest tributary of Wabi Shebele River and one of the largest rivers in eastern Ethiopia, said that it has successfully secured 724 million birr paid up capital to realize its operation.
While achieving on paid up capital is not the last requirement but it need to conduct founding general assembly and elect board members that would be approved by NBE and file its request for the central bank as per the deadline.
Due to that the under formation bank has conducted its general assembly prior to request for a license.
This process may make Ramis to be a last bank that will be formed under 500 million birr paid up capital, meanwhile there are handful banks are struggling to meet the NBE condition.
Capital has informed by organizers of the bank that it has already tabled its license request for NBE on October 6.
Roughly the bank has about 8,000 shareholders.
Ramis that stated it will introduce new IFB products is the third in the exclusive banking sector, which is differ with conventional banking business but become more attractive and even widely favorable for investment financing.
Currently, Zamzam and Hijra are fully IFB banks and have commenced operation in the past fiscal year.
Ramis Bank files for license
A ‘Historic Event’: First malaria vaccine approved by W.H.O.
The World Health Organization (WHO) is recommending the widespread use of the RTS,S/AS01 (RTS,S) malaria vaccine among children in sub-Saharan Africa and in other regions with moderate to high P. falciparum malaria transmission. The recommendation is based on results from an ongoing pilot programme in Ghana, Kenya and Malawi that has reached more than 800,000 children since 2019.
“This is a historic moment. The long-awaited malaria vaccine for children is a breakthrough for science, child health and malaria control,” said WHO Director-General Dr Tedros Adhanom. “Using this vaccine on top of existing tools to prevent malaria could save tens of thousands of young lives each year.”
Malaria remains a primary cause of childhood illness and death in sub-Saharan Africa. More than 260,000 African children under the age of five die from malaria annually.
In recent years, WHO and its partners have been reporting a stagnation in progress against the deadly disease.
“For centuries, malaria has stalked sub-Saharan Africa, causing immense personal suffering,” said Dr Matshidiso Moeti, WHO Regional Director for Africa. “We have long hoped for an effective malaria vaccine and now for the first time ever, we have such a vaccine recommended for widespread use. Today’s recommendation offers a glimmer of hope for the continent which shoulders the heaviest burden of the disease and we expect many more African children to be protected from malaria and grow into healthy adults.”
Based on the advice of two WHO global advisory bodies, one for immunization and the other for malaria, the Organization recommends that in the context of comprehensive malaria control the RTS,S/AS01 malaria vaccine be used for the prevention of P. falciparum malaria in children living in regions with moderate to high transmission as defined by WHO.
RTS,S/AS01 malaria vaccine should be provided in a schedule of 4 doses in children from 5 months of age for the reduction of malaria disease and burden.
Key findings of the pilots informed the recommendation based on data and insights generated from two years of vaccination in child health clinics in the three pilot countries, implemented under the leadership of the Ministries of Health of Ghana, Kenya and Malawi. Findings include that the vaccine introduction is feasible, improves health and saves lives, with good and equitable coverage of RTS,S seen through routine immunization systems. This occurred even in the context of the COVID-19 pandemic.
Veteran striker Getaneh Kebede joins Wolkite Ketema
Following his contract termination in mutual agreement with record champions St George, strugglers Wolkite-Ketema reportedly handed international striker Getaneh Kebede a two year contract.
Though the South African Cup of Nations veteran striker had had a one year remaining contract, he amicably settled the case to part with St George, the only team in the country to have a foreign Coach. It was previously thought one of the three clubs: defending champions Fasil, his boyhood team Sidama Bunna and Adama Ketema were the ideal destinations. But with the club’s insistence and Coach Paulos Getachew working hard to convince him the 29 year-old joined Wolkite in a two year contract.
Ethiopian Premier League Top scorer of the Year in three occasions, twice Best Player of the season and crowned champion with Dedebit FC, Getaneh who played for South African sides Bidvest Wits and University of Pretoria for three seasons returned home to play to Dedebit where he crowned EPL Championship title then joined St George in a three years contract.
Sources close to the player suggested that he joined Wolkite for 100 Thousand Birr monthly salary plus bonuses.
Abebaw Butako is also the latest catch to Coach Paulos. Considered the recent times number one left full back and free-kick specialist, the former Ethiopian national team, Arbaminch Ketema, St George and Debub Police defender signed a one year contract.
The newly appointed Coach Paulos aka Mango has signed more than a dozen new faces before the transfer season closed on Thursday.
Guye and Goyttom sweep Berlin gold, Kenenisa third
Ethiopian Guye Adola and his compatriot Goyttom G/Selase dominated Men’s and Women’s Berlin Marathon to win double gold medals while long distance legend Kenenisa Bekele who struggled with a Covid-19 infection nine months ago finished third.
In an Ethiopian treble, Goyttom Gebreslase won the women’s race in her debut marathon in 2hr 20min 9sec, leaving Hiwot Gebrekidan in second place and Helen Tola in third.
Though there was no world record this time at the flat inner-city course but there was enough suspense and excitement before Guye crossed the finish line in an official time of 2:05:45 for the biggest win of his career.
Guye, who was second in Berlin in 2017, was made to work very hard from the start as part of the leading group of runners who set off at a dizzying pace with Bekele, a multiple Olympic and world champion over 5,000m and 10,000m, in the lead.
The 39-year-old Bekele, who was two seconds off the world record in 2019 in Berlin for the second fastest-ever marathon run, was still on world-record pace after 15km before dropping some 100m behind.
The high speed and warm temperatures gradually took their toll as the pace dropped considerably, and Bekele managed to claw his way back into the leaders’ group.
After 35KM Guye pulled away to cruise to victory, leaving Kenyan Yegon in second place and Bekele coming third.
After the race, Bekele said he plans not only to break the men’s marathon world record, but also to emulate Eliud Kipchoge by covering the distance in under two hours.
“My plan is not only to break the world record before I retire. Everybody is talking about sub-two hours, so why not?,” said Bekele, 39.
